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JMrosenb (72.25)

What do you all have to say now?

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October 30, 2009 – Comments (4) | RELATED TICKERS: FAZ , SH , SPY

October 15th I blogged: I think this is the moment that we have been awaiting since the market shot up higher than we could have imagined this spring-summer-fall.

October 24th I blogged my philosophy here: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=282458&t=01000220447802293925

On October 23rd I blogged:

On that note, my current holdings are my most aggressive since I began investing two years ago.  I opened a margin account, and have a large stake in SH.  I also have positions (woah doggy! the insanity is back! oye) as of this week in TZA, EDZ, and FAZ (~2k in each).  I plan to buy another 2k each into DRV and TZA.  Then I plan to wait until the market gets close to 4k.  I've learned a little; not enough. 

If you recognize your folly in my reflection, cheers!  If you recognize any wisdom mixed with immaturity, cheers.  If you think I'm a fool (not a Motley Fool, but a regular dopey-fool), cheers.  If you learned anything from me, cheers.  And if you're laughing at me then CHEERS!  May you make money and be well and live a rich life regardless.

Comments I received:

You kinda remind me of me when I first started investing. Although I had more sense than to go on margin and play with anything that was leveraged.

why would you work and save money if you are just going to flush it down the toilet? 

do not short this market.

look. You don't have enough money. I bet you don't even have an emergency fun. You should NOT play with stocks at this moment.

DON'T waste yout time!!!!! 

Don't get greedy. If you want to short, stick with SH. Stay away from TZA and FAZ.

give your money to a value investor or a respected value-oriented mutual fund, forget about it, and spend your time on something more fruitful.

do not call yourself an investor.  you are just gambling, and doing it in the worst way possible.  it's ridiculous that you would even mention Buffett's name in your post.  the odds are completely rigged against you if you buy into these funds. 

You need to INVEST your money kid. 

Invest in learning more or keep throwing your money away.

don't invest in what you don't know or understand. ever.

Anyone want to add/retract anything? Honest dialogue here.  Please remember I'm not just "some guy looking to get rich." 

4 Comments – Post Your Own

#1) On October 30, 2009 at 11:52 PM, mbhoch (< 20) wrote:

Good call man, I can't believe how many people are so quick to judge. The fact is we all have our own style of analyzing and playing the market. No one really knows exactly what is going to happen, we rely on our research and educated guesses. That being said, those who called you nothing more than a gambler, should take a good hard look in the mirror. Shorting is not my style, but it's no different than what any of the rest of us do.. Everything is a risk in this market.. Good luck to all.

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#2) On October 31, 2009 at 12:41 AM, Harold71 (94.73) wrote:

 I've learned a little; not enough. 

I see that.

While I think the Dow could get to 4K, FAZ (and the like) might actually be worth much less by that time. 

Over time, leveraged short funds can actually suffer large losses, even in falling markets.  They are designed to reflect daily moves, but they don't do it perfectly. Over time (Dow 4K will take time), they fail. 

So, you have to be a good trader, besides just "waiting for 4K."

 

 

Anyone want to add/retract anything? Honest dialogue here.  Please remember I'm not just "some guy looking to get rich." 

Honest dialogue? I'm looking to get rich.  So are lots of other people.  But really, for me it is about being free, not being rich.

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#3) On October 31, 2009 at 8:42 AM, throwerw (99.81) wrote:

your speculation paid off this week.  i don't think anybody has a problem with that.  just don't use the word investing, because that is not what you're doing.

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#4) On October 31, 2009 at 5:31 PM, JMrosenb (72.25) wrote:

I don't want to invest; I want to buy back your stocks @ SPY 400.

From an earlier blog:

It is hard to think of something that others do not.  It is harder still when the thought or belief you have is considered negative or evil.  Do you want to know evil?  Investors who bring massive valuations to companies that bring real evil into this world: oil companies that scar the earth, timber producers that destroy once-on-a-planet rainforests, chemical companies that dump in the rivers, the producers of beauty products that cause cancer in the woman who use them . . .

These things are never called evil, and you'll never be called evil for "supporting" them because "everyone" is, or because "you have to go with the trend" blah blah blah.  Evil is also investing in houses that hurt the land and enact a large cost in terms of the natural resources as well as the unnatural materials required to adhere them.  

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